6 Nov 2018
Budapest – Onkar S Kanwar, chairman, Apollo Tyres Ltd has been awarded with the Officers Cross of the ‘Order of Merit’ of Hungary, the company announced 30 Oct.
The award, said Apollo, is in recognition of Kanwar’s work towards strengthening Hungarian-Indian economic relations.
Apollo Tyres has invested €475 million to set-up a greenfield tire production facility in Gyongyoshalasz, Hungary, manufacturing passenger car and commercial vehicle tires.
This facility currently employs 800 people, out of which nearly 95% are locals.
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